GOLD. Previous Buy Setup, Stop Lost was hit. BUT Price still possible forming a triangle /wedge pattern. Waiting for any buy setup at around 1855 (where there is a "intersection " of 1) Pitchfork Line 2)4 Hours 200EMA 3)Lower Support Line of Wedge/ Triangle pattern.
GOLD. Short at around 1912 for wave e (green circled), Stop Lost at 1917, Target Profit at around 1880.. OR....Buy Limit at around 1880, Stop Lost at 1868.. Target at around 1960..
Gold still possible "any form" of triangle... Stay aside ..waiting for buy setup after the last wave of triangle which is "green circled" "e" wave formed..
Gold possible still forming its leading diagonal pattern. Currently in wave 4 (yellow) ( possible any type of bullish triangle pattern )..Price could hold above 1850, the next support could be around 1870.. before ending its leading diagonal at around 1960...
Gold maybe is forming an expanding ending diagonal, Short at around 1900, ( where is an intersection of down trend line with pitchfork median line ). Stop Lost at 1910..Target Profit at around 1840 << where there is an intersection of 1) 4h 200 EMA 2)Pullback Zone of Long Term Down Trend line Breakout 3) Pitchfork lower support line..>>
GOLD possible is forming an expanding flat pattern on wave (B)(Cyan/light blue).. Maybe now we are at wave A (yellow) first leg down of the expanding flat pattern, where price could reach @ around 1845 ( which is support/resistance flip zone and the long term down trend lines breakout zone becoming support area ) .before resuming its uptrend @ around 1950 (major...
Gold may completed its leading diagonal pattern. Price have reached the confluence area ( 2 Upper trend line of leading diagonal met with pitchfork parallel line PLUS the supply zone ).... Short at around 1902, TP1 @ around 1760. Stop lost at 1913..
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